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The closing price of Fluence Energy Inc (NASDAQ: FLNC) was $19.64 for the day, up 1.55% from the previous closing price of $19.34. In other words, the price has increased by $1.55 from its previous closing price. On the day, 2.38 million shares were traded. FLNC stock price reached its highest trading level at $19.67 during the session, while it also had its lowest trading level at $18.8.
Ratios:
Our analysis of FLNC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.92. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.01.
On October 01, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $32 to $24.
On September 04, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $26.Jefferies initiated its Buy rating on September 04, 2024, with a $26 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 13 ’24 when BULLS HERMAN E bought 10,000 shares for $16.81 per share. The transaction valued at 168,140 led to the insider holds 65,861 shares of the business.
Zahurancik John sold 25,000 shares of FLNC for $605,500 on Jun 12 ’24. The SVP and President, Americas now owns 96,005 shares after completing the transaction at $24.22 per share. On Mar 04 ’24, another insider, Pasha Ahmed, who serves as the SVP & Chief Financial Officer of the company, bought 3,300 shares for $15.20 each. As a result, the insider paid 50,160 and bolstered with 3,300 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLNC now has a Market Capitalization of 3544823552 and an Enterprise Value of 2284285440. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 6.01. Its current Enterprise Value per Revenue stands at 1.066 whereas that against EBITDA is -132.73.
Stock Price History:
The Beta on a monthly basis for FLNC is 2.49, which has changed by 0.023280382 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. Over the past 52 weeks, FLNC has reached a high of $27.80, while it has fallen to a 52-week low of $12.74. The 50-Day Moving Average of the stock is -7.43%, while the 200-Day Moving Average is calculated to be 5.13%.
Shares Statistics:
FLNC traded an average of 1.59M shares per day over the past three months and 2049060 shares per day over the past ten days. A total of 118.90M shares are outstanding, with a floating share count of 74.10M. Insiders hold about 42.55% of the company’s shares, while institutions hold 53.83% stake in the company. Shares short for FLNC as of 1730332800 were 11033961 with a Short Ratio of 6.96, compared to 1727654400 on 10996460. Therefore, it implies a Short% of Shares Outstanding of 11033961 and a Short% of Float of 17.639999.
